JOHANNESBURG - Beverage company Distell said its headline earnings a share decreased by 5.7 percent to 668.2 cents in the year to June, but group revenue rose 10.4 percent to R24.2 billion, due to a 4.6 percent increase in volumes.
Distell, Africa’s leading producer and marketer of wines, spirits, ciders and other ready-to-drink beverages sold across the world, said domestic market revenue increased by 10.1 percent and sales volumes rose by 4.4 percent even while the economy continued to show low growth amid increased costs of living placing pressure on consumer disposable incomes.
African markets outside South Africa delivered revenue growth of 19.5 percent on sales volumes which were up by seven percent, largely driven by the inclusion of KWA Holdings in Kenya which was acquired in April 2017.
Focus markets on the continent such as Botswana, Kenya, Zambia, and Zimbabwe all recorded strong growth.
Volumes in international markets beyond Africa grew by 1.8 percent, driven by Europe, Latin America, and Asia-Pacific regions, as well as Travel Retail.